With the rupee experiencing its doldrums this year, India could present investors with discounted opportunities that could benefit INDL if the country’s central bank is able to shore up its local currency. India is one of the world’s fastest-growing economies and poised to be among the world’s five largest as soon as next year.

Related: The Fed Will ‘Definitely Blink’ When It Comes to Rate Hikes, Says Jim Grant

While risks will always be present with emerging markets investing, investors should be careful to not be under-allocated to the asset class.

“Taking account of the expanding global investment opportunity set and relative attractiveness of emerging markets, in terms of growth potential and valuation, suggests that U.S. market participants who seek exposure to the equity risk premium could be disadvantaged if they under-allocate to emerging market stocks,” according to S&P Dow Jones.

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